Inventory Planner

Inventory Planner

The Inventory Planner role is responsible for managing inventory across the supply chain to maximize sales and profit. This person is a member of one of our departmental planning teams, which works in close collaboration with purchasing across all product categories. Primary day-to-day responsibilities include : managing open-to-buy, maintaining stock levels in the warehouse and stores, allocating product to warehouse and stores, managing promotional inventory, forecasting and financial planning, and general category / item analysis. This person will be a strong partner with Purchasing, Strategy, Logistics, Sales and Merchandising, and Marketing to help move the business forward. This person must be very strong analytically, have inventory management experience, and be a strategic thinker. This position reports to the Manager, Inventory Planning.

Responsibilities Include :

• Review purchasing quantity decisions, distributions and allocations, replenishment, and reporting and analysis.
• Assist in reviewing department sales, profit, and inventory forecasting in collaboration with purchasing and logistics.
• Review regular projections / analysis with cross functional purchasing team.
• Advise on optimal pricing decisions to support purchasing, distribution and selling strategies.
• Manage inventory at a specific and tactical level for owned department.
• Manage allocation of products to stores to maximize sales and profit.
• Work with manager to maintain department financial forecasts in conjunction with the open to buy.
• Conduct ad hoc analysis to understand business opportunities.
• Analyze and identify opportunities to improve forecasting, purchasing and allocation methods.
• Partner with planning, purchasing, and IT to develop and enhance tools and processes.
• Respond to store comments and questions and use feedback constructively to improve practices.
• Present analytics and reports to various stakeholders to identify and capture business opportunities.
• Be a strong partner to Store Operators, Sales & Merchandising, Suppliers and Distribution Centers; communicate clearly and effectively to inform various stakeholders of status and future changes.
• Visit stores and warehouses as necessary to maintain strong communication and stay on top of opportunities.

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